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FOX News
Nov 28, 2012 3:00pm PST
it and make it pro-growth. >> on the democratic side, senate majority leader harry reid told reporters he would like credit for what congress previously cut. >> we have already done a billion dollars worth of cuts. >> today, the top democrat in the house took a similar approach. >> i think it's important to note we have already agreed to $1.5 trillion in cuts in the budget control act and other acts in this session of congress. so now we wait to see the revenue piece to that. >> asked what she would be willing to slash as part of this deal? >> we'll be talking about that later. >> rank and file house members say they realize more must be done now. >> we can means test entitlements, so for folks making $1 million year, you know, maybe they aren't able to access medicare. they have the means to buy their own healthcare. >> i know we can't afford to spend $690 billion on the defense, but there are smart ways and dumb ways to cut defense spending. for example, we still have bases all throughout western europe that there hasn't been a threat to western europe since 1989. >> beyond that, he did
CNBC
Nov 27, 2012 2:00pm EST
majority leader harry reid just moments ago said there has been little progress made recently in the fiscal cliff talk and he is disappointed with the little progress made. he said it is time to get past the happy talk. as a result, stocks taken a turn for the worse. last week, brian, stocks were up three indices by 3 to 4% on hope that we could would get some progress on these fiscal cliff talks. >> wonder who harry reid is disappointed with, given he is the senate majority leader. fess the leader of the senate circumstance disappointed with himself? congressional leaders, boehner and reid that have to lead the negotiations who is he disappointed with? yell at your party, yell at the other party, yet get in a room, play a game of jennings ga, who cares, get this thing resolved who is he disappointed with, highly confused that happens frequently. >> sit down and sort it out, all i can say. the meantime who have you got over there with you in charlotte, north carolina? >> talk about that with larry carroll. the headlines moving the market. larry carroll runs carroll financial advisories, one
MSNBC
Nov 27, 2012 8:00pm PST
be spending about $3,000 more. >> harry reid kept the focus on the president's winning campaign message of letting the tax cuts expire on incomes over $250,000 a year. >> the people who have done so well during this difficult time with the economy, the richest of the rich are going to have to pay a little more to solve the financial problems we have this this country. >> this is what the campaign has been all about. congressional democrats are making sure the message is simple, consistent, to the point and easy to consume. recent comments from david plouffe as well as lawmakers left the president's strategy open to interpretation. progressives were concerned the social safety net programs were on the chopping block, but today democrats were unified in their approach. they are all on the same page. the president was reluctant to agree to a deal cutting medicare and medicaid benefits. president obama is seeking $1.6 trillion in additional revenue over ten years and $340 billion in health care savings. the time says the deal would not affect benefits. that's the keyword, benefits. the pres
FOX News
Nov 26, 2012 7:00pm PST
cliff. democrats have harry reid. we have mitch mcconnell. get them in the room. no one gets all they want. if reagan and o'neill could do it, obama and boehner should be able to do it. >> it's the right approach, the one most beneficial for our economy, that protects the middle class and strengthens it and creates ladders of opportunity for those who aspire to the middle, to get there. >> it's time for the president to present a plan that rises above the reckless and radical voices on the hard left, that goes beyond the talking points of the campaign trail, and that has a realistic chance of passing the congress. the time, in other words, for campaigning is over. it's time for the president to lead. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece. and republicans should put revenue on the table. so i agree we shouldn't raise rates, but grover is wrong when it comes to we can't cap deductions and buy down debt. what do you do with the money? i will violate the pledge, long story short, for the good of the country,
FOX
Nov 28, 2012 4:00am PST
following comments from senate leader harry reid that budget talks may be stallng out. groupon shares rallied on word talks are underway about a new ceo. investors poured money into green mountain after the close. the stock gained 20% after hours on better-than-expected earnings. and the new apple imac will go on sale friday. larry shover of sfg alternatives joins us now for a closer look at today's trading market. good to have you on the show larry. always good to see your smile. a lot of reports were surfacing yesterday that harry reid actually moved the market because he said that talks had stalled out over the fiscal cliff. do you buy into that? > > perhaps. right now, the market seems to be shrugging its shoulders at every headline that comes in, because we are hearing so much. but what harry reid said was really a game- changer, about perhaps trying to curb filibusters. that would be a game-changer, and would put a lid on the stock market. > he could have that much power? unbelievable. all right, let's move on to our next question and talk about greece. for now it looks like gre
CNBC
Nov 27, 2012 5:00pm EST
now. >>> united we stand, divided then stocks fall. >> senate majority leader harry reid said there has been little progress made recently in the fiscal cliff talk and is disappointed with the little progress made. >> and there couldn't be more at stake. >> what is going to happen to create a credible plan that causes the corporate sector to sustain what we are seeing with the consumer. >> maybe we all need a little perspective. >> we buy stocks almost every day. but i'm confident about the american economy over the decades to come. we will have ups and downs and i can't predict them but america is a winner. >> fiscal cliff and what it means for your money on "fast money" right now. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. special dividends are coming fast and furious. why apple might offer a fast payback. will the market be naughty or nice to investors. chart breaks down the technicals. forget stores and waiting in line. we are breaking down the best ways to play it. grid lock in washington dragging on stocks again today. let's go
MSNBC
Nov 27, 2012 5:00pm PST
in congress. >> harry reid moves towards the nuclear option to stop the obstruction in the senate. steve benan joins me next on the latest on the filibuster showdown. >> the emphasis on benghazi has been publicized. >> first thomas risks rolled fox news. today fox news responds by trying to smear thomas risks. >>> and the right wing bubble on the economy bursts again e. >> the president's economic policies have failed. the american people know it. >> i have a new term. it's called obama noma. he's such a cancer to the economy. >> to call this an economy is an insult to recoveries. >> the numbers don't lie. we'll lay them out for you, tonight. that was me... the day i learned i had to start insulin for my type 2 diabetes. me... thinking my only option was the vial and syringe dad used. and me... discovering once-daily levemir® flexpen. flexpen® is prefilled. doesn't need refrigeration for up to 42 days. no drawing from a vial. dial the exact dose. inject by pushing a button. flexpen® is insulin delivery... my way. levemir® (insulin detemir [rdna origin] injection) is a long-acting insulin u
FOX News
Nov 26, 2012 1:00pm PST
's negotiatorring position is nothing but tax increases and harry reid would some of the senators may want to focus their attention on has announced there is no entitlement reform, so to argue that the taxpayers should take the brunt of this battle and they should not defend taxpayers but the spending interests in washington, strikes me as odd. the effort by some to get entitlement reform, the democrats have said heck no and harry reid has said it ain't happening, and they ought to look at that, rather than trying to raise taxes to pay for obama's bigger government. >>neil: do you hear it is spreading? we have chatted about this before. you were open when we chatted in washington, to talk about the cliff cliff, to not equateing bringing in causes or tax loopholes and the like and closing them off, your point was as long as it leads eventually to revamping of the tax code, but this goes beyond that, they have no quid pro quo and they are offering this, you argue, what? >>guest: well, there are two ways you can damage the economy. one is to increase marginal tax rates, everyone knows the small busine
CNBC
Nov 27, 2012 3:00pm EST
while here this afternoon have been reacted to comments from harry reid and mitch mcconnell. let me play you a sound bite of what markets reacted to and explain on the other side why i think markets are getting this wrong this afternoon and are in danger of getting it wrong throughout this debate. first, listen to what the two leaders had to say. >> there's been little progress with the republicans, which is a disappointment to me. they talked some happy talk about doing revenues, but we only have a couple weeks to get things done. >> as we head into the fiscal cliff negotiations, my advice to the president would be it seems like our friends on the other side are having some difficulty turning off the campaign. we need to sit down and work this matter out. >> it seems like what markets were reacting to this afternoon was harry reid saying there's been little progress. but he actually said there's been little progress with republicans. he's saying he wants the other side to concede more than they have. this is a negotiation. it's very important to remember there's going to be back and for
CNBC
Nov 28, 2012 4:00am EST
from the senate majority leader harry reid overnight really sparked some jitters in this session today, so we have red across the board. the shanghai composite, it is well and truly below that 2011 level, shedding another .9 of a percent. the hang seng was feeling some of that pressure from chinese stocks and shedding .6 of a percent. it was the mainland banks that were the culprit. they didn't fare as badly if the mainland. some capital requirement rules are going to be implemented that are raising concerns about loans and the ability of these major banks to give out loans the remainder of year. we have the kospi in south korea down .7 of 1%. we had a north korean launch site showing increased activity. that just increased the jitters in this market. the japanese markets, they have really been on a rally, on a roll, on a tear over the last few weeks. the nikkei 225 has gained more than 9% just the last two weeks alone. the yen had something to do with this. it did strengthen a little bit against the dollar, and it continues to do so, down about half a percent as you just mentioned. so
CSPAN
Nov 25, 2012 5:15pm EST
leaders to the white house from 6:00 o'clock on a sunday night. and harry reid is there, the house leader, the relations between and among the democrats are so not solved, that harry reid, is a chief of staff, makes a presentation on the deal if reid is trying to work out with the republicans. in the course of doing that, david corn says to the president of the united states, in the oval office is in his house, i am disappointed in this white house and you for not having a fallback plan. literally, again. somebody reading of the president in the oval office for not having a plan. after the meeting, harry reid said to his chief of staff, stood up to him, he needed to hear it. no one was telling him. think about it for a moment. what is the second most powerful democrat in washington have to use his chief of staff as a lever to send a message to the president of the united states? i was talking to somebody from amazon.com the other day. as you may know, they take books and they divide them as red states and blue states. most of the books selling in red states, republican state, blue state,
FOX Business
Nov 28, 2012 7:00pm EST
on the table, but senate majority leader harry reid did embrace republicans who have turned against one of the party's most influential forces. >> one obstacle standing beyond congress and compromise, grover norquist. bullying lawmakers willing to put their oath of office and promised to serve constituents ahead of the pledge to lead this antitax sell it. his brand of ideological extremism has been bad for congress and work for -- worse for the country. distancing themselves this week. i appreciate that very much. lou: with the majority leader's things we turn now to the man at the center of mr. reed's spewing of vitriol, of variable stream. we are joined by grover norquist , president of americans for tax reform. i have to ask you. how does it feel to be a bully of lawmakers? i like this part especially, anti-tax sell at. the logical extremists. to find yourself is really being pointed that as the problem, not part of the solution here suddenly. how do you feel that? >> well, look. harry reid had a plan. he and obama and nancy pelosi were going to spend a great deal of money, and then
FOX News
Nov 26, 2012 6:00pm PST
's to their advantage to change the rules, they try to change them. i know harry reid is making a lot of noise about union unilaty change the rules, but i still think they'll have an agreement on moving forward with the filibuster. >> sean: is barack obama right when he said this was not our founders intended? was joe biden right in saying this was arrogance in power, a fundamental power grab? were they right then? where are their voices now? >> good question. i'll jump in. let me just say, yes, i think he was right. it failed. the republicans' attempts to do this then failed. i hope this fails now. what is interesting now, the amount of bitterness now in the senate, which is a place that gets along pretty well. a lot of bipartisan friendships there. the hatred -- that's not too strong -- focused on harry reid is remarkable, both for his unwillingness to bring a budget forward going on the fourth year, for his unwillingness to consider republican amendments. i was up the other day talking to republican senators, and the anger they feel at harry reid is as i've never seen it in watching the congress.
CNN
Nov 27, 2012 4:00pm PST
of it in reaction to harry reid's dismal statement. i got an e-mail with it all in caps, the market is coming in on these headlines from harry reid. this matters, every word they say matters and white house press secretary jay carney was on the defense today. he pointed out as he had done yesterday that the president spoke on the phone with senate majority leader harry reid and john boehner over the weekend. and besides carney says, the president has to talk directly to the american people. >> it is vitally important that ordinary americans actively engage in this debate because the outcome of these negotiations and the hopeful product of these negotiations are the product that we hope emerges from these negotiations will profoundly affect their lives. >> so is the president, the missing ingredient to really nailing down a fiscal cliff deal? could he end the drama right now if he stayed put in washington and held a series of face-to-face meetings with reid, mcconnell, boehner, and pelosi instead of his planned meetings this week with small business owners, business leaders and middle class am
MSNBC
Nov 26, 2012 6:00am PST
to in 2011. majority leader harry reid has ruled that out this time and the number two democrat durbin repeated reid's position on sunday. >> social security does not add one penny to our debt. not a penny. it's a separate funded operation and we can do things, and i believe we should, now, smaller things, played out over the longer term that gives it solvency. medicare is another story. >> there's still staff level discussions going on. and, by the way, as much as washington gets caught up in the conventional wisdom of what senators are saying, remember right now the senate are 100 ehechted pundits. the game is between the white house and house republicans for now. at some point the action could move to the senate. but right now it's about the house. it's a possibility at some point folks on capitol hill expect the white house to call another meeting of boehner, mcconnell, reid and pelosi along with the president. at some point this week. though nothing is scheduled. the first major appointment that the president makes will probably come in the next week to ten days. just two candidat
FOX News
Nov 28, 2012 10:00am PST
's democratic party. what you here from barack obama, harry reid, nancy pelosi, dick durban is not lowering all tax rates to get economic growth. you have a modern democratic party that is so far to the left that they believe in sunday amount alley anti-american concepts of radical wealth redistribution in order to equalize everyone. that is not what america is all b. the leading party that is leading the country in terms of the white house and congress really believes that by force, i don't mean by military force like the old school communist and social lists did, but by force of the tax code and redistribution of policies like obamacare they intend to force that on the american people. megyn: keurs te megyn: durbin chose two good people to make that example of. people don't love and reveer the hedge fund manager, they make other people a lot of money and they make a lot of money but most people have respect for our navy seals. is he on point? >> i do think he's on point. what monica just said, radical redistribution, we are talking about the radical redistribution is going back to the clinton
FOX News
Nov 27, 2012 2:00pm PST
are we going to raise revenues. >> eric: what would -- >> dana: what would harry reid mean by that? get credit on cuts they made. on what? >> bob: that is a $60,000 question. i'm not sure what he is talking about. but i know there will be cuts if entitlement program. readjust in the the entitlement program. there will be a tax increase on the wealthier americans of some size. i cannot believe that obama is going to travel around the country to make us think about this. if he doesn't think he will get them to go along with some marginal increase rates. >> dana: good point. let's get your take on that. president off campaign trail and major victory in the 2012 election. now he will go out and sell the plan he believes he just run on. does he need the road show to get support for this? >> andrea: that is all he does is the road shows. this is how he wins. how he won the election. with a giant p.r. offensive. we'll be losers because it doesn't change the policy. i don't begin to know how harry reid thinks or how his brain works. if you believe what nancy pelosi said, she said if you want to
FOX News
Nov 27, 2012 4:00pm PST
. >> also late tonight, harry reid said the three republicans are politicizing the benghazi matter, calling it, quote, outrageous. >> shepard: catherine herridge in washington. the white house and congress have five weeks to keep us from going over the fiscal cliff at the end of the year. that would mean automatic tax hikes and spending cuts at the same time and an economists say it could cause another resomething. the president met with congressional leaders from both parties, but harry reid says there has not been much progress since then. mike emmanuel is on capitol hill. republicans are asking for changes to social security and medicare. any common ground? >> shep, in public, it does not sound like it. top republican leaders say if you want to avoid the fiscal cliff, you need to address the drivers of our debt. >> we know that the only way we can solve our long-term debt and deficit problem is to fix the unsustainable growth rates of our very popular entitlement programs. the president has from time to time indicated an openness to that. now is the time to actually do it. >> 42 business
FOX News
Nov 28, 2012 4:00pm PST
off the floor and that group can kill the bill that way. now, the senate majority leader harry reid is threatening to push for a change to the filibuster rules that would give minority members less power. but the minority leader mitch mcconnell says that would be the equivalent of blowing up the senate. doug mckelway with the news live on capitol hill for us tonight. doug, they call it the nuclear option. >> yeah, they call it the nuclear option because the party that exercises the nuclear option, that pulls the trigger on the nuclear option can suffer ultimately the fallout from that nuclear chain reaction if they ultimately become the minority party at some point in the future. minority leader mitch mcconnell put it this way during a floor speech on the senate today. >> are you prepared to live under the rules you are now demanding? >> the nuclear option would allow the majority to end filibuster or defeat amendment bias a simple majority vote. not the 60 votes or the 3/5ths majority vote that the senate rules have required and put into place for better than 30 years now. threshol
MSNBC
Nov 26, 2012 9:00pm PST
. harry reid, the democratic majority leader, wants to make some changes. debate has to start before a filibuster can begin. he might require any senator wishing to filibuster to stand up there and talk to which republicans are saying if you do that, we the minority are going to burn the place down. senator tom coburn of oklahoma saying, "i think the backlash will be severe. if you take away minority rights because that's what you're doing, you'll destroy this place. if you destroy the place, we'll do what we have to fight back." john cornyn says if democrats change the rules, it will shut down the senate, it's such an abuse of power. you might ask how their threats of a shutdown differ materially from the shutdown senate now when the minority will not allow a majority vote on anything giving them the power to control the senate. we called the two senators and asked specifically what they propose to do if they manage to tweak the filibuster. senator cornyn's office got back to us, but not with an answer. senator coburn did not respond, but he did give politico.com a hint of what he m
MSNBC
Nov 27, 2012 7:00am PST
is not part of this problem. so it should not be part of the discussion. harry reid, in fact, has been extremely firm on that. he said i will not be part of discussions that include social security as part of this bargain. so if they stick to that, then they won't be. >> yeah, there's so many moving pieces. susan, today, the president's going to meet with small business owners. friday he's going to montgomery, pennsylvania, to visit a small business that will be impacted. very campaign like stuff. what's he trying to do here? >> yeah, who is he not meeting with this week? that would be congressional -- that would be members of congress, especially those house republicans would be the critical partners on this. so he's trying to take a very different approach than he took in the first term and the early go rounds on this. and that is to build some public support tap on the good feeling from his re-election to give -- as ryan pointed out. there's some democrats including powerful ones like harry reid that say medicare and medicaid have to be off the table. those democrats do not include
FOX Business
Nov 27, 2012 3:00pm EST
. stocks are mostly lower with the senate majority leader harry reid said he was disappointed there was little progress in the fiscal cliff. the maps manager behind the maps program has reportedly been fired. rich williamson is the latest two have been given the acts. former software chief was pushed out late at last month. it is not clear if apple has found a replacement. taking a bite out of the smart phone market overtaking and trade the 12 weeks leading of the halloween more than doubled from one year-ago the market share exceeds 40%. now we continue countdown to the closing bell with liz cllman. liz: looking at the markets at the low the session the nasdaq s&p each down five points we're not trying to of view but it could cause havoc 34 days left for congress to reach a budget deal other wise spending cuts kick and. and tax hikes. we have decided to talk to state leaders what they're doing with this uncertainty. governors on the edge joining us now delaware governor, a great to have you here. as today we had pennsylvania governor and he said we have to prepare to separate
FOX Business
Nov 28, 2012 3:00pm EST
to be a new day with these guys. harry reid was very pessimistic. this is a traitorous market, we will see a lot of volatility going to the end of the year. melissa: it is like a ping-pong match. thank you very much, and very interesting day right now we are glad everybody is watching this, focusing on the fact one sentence close the market around. voicing his optimism they could reach a deal with the white house and avoiddthe fiscal cliff. looking at the oneesentence in that one word, optimism. >> that is right, with the president's remarks that he would like to see framework to avoid the fiscal cliff by christmas. sitting treasury debt up to capitol hill tomorrow to meet with congressional leaders, democrats and republicans. in the meantime the president keeping up the pressure on republicans from here to extend expiring tax cuts for middle-class taxpayers, but let them expire for wealthier taxpayers. take a listen. >> the place where we already have and three complete agreement right now is on middle-class taxes. as i have said before, we have two choices. if congress does nothing, ever
CNBC
Nov 28, 2012 12:00pm EST
the last 48 hours after comments yesterday from harry reid, the senate majority lead erbil, mitch mcconnell as well today. john boehner, the house speaker delivers his comments and now the president a couple hours before he meets with several of the nation's ceos on the economy and the fiscal cliff. let's go down to washington and get some reaction from our john harwood, who's been listening in. john, i think it's fair to say that the house speaker sounded a bit more conciliatory today, saying things like he's willing to put revenue on the table, yet again he's optimistic a deal can be reached. i'm not sure the president sounded so much. >> reporter: what you heard there, scott, was the president trying to leverage his advantage in public opinion. remember a couple things, first he just won the election. second of all, his position on raising taxes on top earners is very popular in the country, well over 60% of the american people say they want that to happen. you've begun to hear some republicans say they ought to do what the president just asked for. tom cole, a conservative congre
CNN
Nov 25, 2012 6:00am PST
months of 2007 george bush went to nancy pelosi and harry reid and said i need a, guess what, stimulus. that terrible word. pelosi and reid worked with him to do that. then in 2008 they came to us. john, you and i worked together on the whole response to the financial. i believe we had in 2007, 2008, this is not a longstanding problem. a great deal of cooperation in the bush administration. i do believe that there were elected some people in 2010, tea party influence, who reputinated the notion of compromise, and someave said it exclusively. i think partisanship, you have to start from a position of principle and then you work together. i think in 2007 and 2008 we showed how can you do that. >> candy, let me join in the general hopefulness that we're going to avoid the fiscal cliff, but it's not a done deal. it's not a certainty. the reason is the country -- the government is on automatic pilot to the fiscal cliff, to massive tax increases and really horrible spending cuts on january 1st unless we act, so if congress does -- congress has gotten pretty good at doing these days, we'll go
FOX Business
Nov 28, 2012 11:00am EST
be reached. this comes on the heels of yesterday when you had harry reid expressing caution about the fact things ar were nt going that well. we are seeing the market to the downside, they have improved and you can see it spiked up. alaska mitra said to them. dagen: speaking of house speaker john boehner, he said he is optimistic. >> i'm optimistic we can work together to avert this crisis sooner than later. connell: we also want to show you this, this is skepticism from who you would think would be a major player in the deficit talks. >> i am really worried we have a probability we could go over the cliff, and that would be catastrophic. not to go over the cliff, we have to compromise, have to have revenue. the problems are real, the solutions are painful, no easy way out. the only way you can do this ifs to have a balanced approach and that is where people are headed. connell: matt welch is here. what do you make of all this, matt? >> there is nobody at the table actually interested in cutting the size of the government. that seems strange to democrats who think we're living in some sort
NBC
Nov 28, 2012 4:00am PST
republicans not convinced. but top democrats like harry reid coming to her rescue saying, and i'm quoting here, the personal attacks against ambassador rice by certain republican senators have been outrageous and utterly unmoored from facts and reality. today she's back on the hill, meeting with the head of the homeland security committee saying she's not sure they have 60 votes to confirm her if, in fact, she's nominated. lynn >>> well, jill kelley, the tampa socialite caught up in the scandal involving former cia chief david petraeus, is now going on the offense. after two weeks of silence kelley's lawyers has released e-mails he wrote designed to prove she never intentionally or acted inappropriately. one letter to the u.s. attorney demands to know who in the government leaked kelley's name to the media after she received e-mails from petraeus biographer and mistress paula broadwell. meanwhile, "the new york times" reports the pentagon investigation into e-mails between kelley and general allen t top nato commander in afghanistan, has been narrowed down to between 60 and 70 messages that ac
NBC
Nov 28, 2012 4:30am PST
the fed on regional economic conditions. the dow after those comments from harry reid falling 89 points. and some changes in -- hopefully they can find their way there. apple has reportedly fired the executive in charge of developing the map software. rich williamson has left the come. he oversaw the app that was included in the new software and preinstalled on the new iphone 5. critics and consumers have complained the app is inferior. with apple preparing a new app for the iphone, seems apple wants to get its act together on its own map so it can retain that on the ios. >> no more pulling over for direction, got to rely on our phones. thank you. >> or melting -- >> or melting -- >> exactly, what did she say? >> christina is here to tell us the rain and wind is coming. >> right on time. good morning. we like it when it's right on time because we prepared you for it yesterday. right now, if you're getting really to head out that front door, you're going to get the best drive of the morning. it's going to get much worse before it gets better. want to start with a look at your wind. the f
CNN
Nov 28, 2012 1:00am PST
bizarre that the leader of the democrats in the senate, harry reid, attacks me personally. the american people don't want their taxes raised. they have kind of signaled that in the most recent senate election where harry reid's guy lost and the anti-tax candidate won in nevada. so the tax issue is a powerful issue. i understand it comes with the territory, that people attack me personally. it doesn't bother me. i'm very comfortable in my own skin. if they want to waste their time personally attacking me, they're free to do so. but taxes are too high. spending is too high. this needs to be changed and i think the american people will make it clear as time unfolds that raising taxes is not where they want to go. >> grover norquist, thanks very much for joining us. >> thanks, wolf. >>> let's get another point of view right now. joining us, dick durbin, assistant majority leader, the senator from illinois. senator, thanks very much for coming in. we just heard from grover norquist, several republicans on capitol hill this week have said they would consider defying his pledge but for some of
FOX Business
Nov 26, 2012 4:00pm EST
with the congressional leaders, john boehner, harry reid, mitch mcconnell, and out for thanksgiving solely today are people trying to get back starting to draw the battle lines a little bit. we seem to have burned three weeks which is time is of the essence. david: i'm thinking three years ago obamacare on christmas eve, will it come down to that? >> maybe new year's eve january january 1, mandattry spending cuts kick in on the second of january. you hit on a very important point. congress only ask when there is the gamut swinging over their heads. they often do this around christmas time. it is the final train leaving the station. finishing the christmas shopping and people start to get itchy, i compare it to stockholm syndrome. people are sweating it out after a while they start to sympathize. david: i was saying is it an either or? tax rates go up or you get in and of deductions for the wealthy, and he seemed to say both. we should have a cap of $25,000 cap on abductions and marginal tax rate go up. do you think the president will hold out for that? >> harry reid this afternoon was adamant,
FOX News
Nov 25, 2012 11:00am PST
agenda. it can't be just being against the democrats and against harry reid and against obama. you have to be for things. we have to give them the contract with america that we gave them some years ago. we have to give them something to be for. young women, i don't think anybody like me i can state my position on abortion, but to -- other than that, leave the issue alone. when we're in the kind of economic situation and frankly national security situation we're? >> chris: you would say freedom of choice? >> i would allow people to have those opinions and respect those opinions. i'm proud of my pro-life position and record but if someone disagrees with me, i respect your views. >> chris: nor -- senator mccain. thank you for being here today. >> 'tis the season to shop and spend. will the coming fiscal cliff put a damper on consumers and investments? 4g lte is the fastest. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a diff
FOX News
Nov 26, 2012 12:00pm PST
president obama spoke with the house speaker boehner and the senate majority leader harry reid over the weekend. still, concerns of the crisis and the european debt crisis sent stocks down but not precipitously but down. we are seeing signs of progress in washington, dc, with rare bipartisan consensus on raising taxes on the wealthy but they remain at odds over the specifics. in other words, exactly highway do you do it. and mike emanuel is live on capitol hill. the white house is expressing putting pressure on congress. >>reporter: a report on the impact if the bush tax cuts are not extended. the study says the typical middle class family will see taxes go up by $2,200 next year affecting businesses and retailers. the argument is the families will spend less and it will hurt the economy. >> you can see it across housing, and services, and things like paying for cell phone, groceries, durable goods, auto purchases. evidence like this is a reason why retailers are so concerned that congress has not yet extended the middle-class tax cuts. >>reporter: and carney noted the president spo
MSNBC
Nov 21, 2012 10:00pm PST
change that changed is harry reid says he wants to do something about the filibuster. isn't what i want to do. it feels to me like a tectonic shift saying we need to change this, it has gone too far. >> it really is. harry reid has long defended the perogatives of the senate and of the filibuster even in the face of criticism from his own members, but virtually all of his members now want to do something and he has been infuriated by the way in which mitch mcconnell has carried out, but if you think about t it is a very odd time to do this. the house is under the control. >> you don't get that much. >> of the republicans, so it is not as if the filibuster is the only thing standing in the way >> of the republicans, so it is not as if the filibuster is the only thing standing in the way of democratic program and as norm said, at the beginning of this new congress president obama has a better shot at working with the senate including 6, 8, 10, republicans in using that to put pressure on the house so is this the right time to blow up the senate? >> norm, real quick, do you think we need 6
Current
Nov 26, 2012 9:00pm PST
. mitch mccondition necessarily is going to have to be onboard. is this a perry blow with the harry reid? >> the democratics, if they change the rules, can do it with 51 votes, so he doesn't have to be onboard but look, they're not talking about stripping the minority of the right to filibuster. they're talking about instead of saying oh, i'm going to filibuster and everything comes to a stand still that you actually have a and up and filibuster, that people would have to take the floor and read the phone book. i don't see anything wrong with that. there are a couple of proposals out there nothing that significantly reduces the power of the filibuster, harry reid read has experienced 385 filibusters during his time at senate leader. lyndon johnson faced one filibuster. it is overused and abused, and so i think mcconnell better get over it. >> it seems like he's going to have to. it seems he's almost resigned to be in the minority for a very, very long time. that's the behavior and demeanor of someone who is going to be in the minority. we almost got through the fill buster without mentio
FOX Business
Nov 27, 2012 1:00pm EST
about the comments made by harry reid with the cautionary tone with the fiscal cliff and you have to push back to washington and decisions need to be made fast. so with the intraday chart we hasselhoff again but the dow was down 68 points the s&p is down 1/3 of 1%. it was in a green but now when the red like hewlett-packard, american express way on the dow. tracy: chevron, i am. we will see when 15 minutes span of three weeks since the bombing was elected a yet there seems to be little progress to hammer out the agreement between the president and congressional leaders to avoid the looming fiscal cliff. spending cuts and tax hikes kicking and and analysts say it could kick is back into a recession. gerri willis is here to get it straight. >> i wish i could. >> is a mind-boggling we had made no progress? >> what has happened? absolute nothing now the president will go to the street he thinks the election is still on? i know understand going to pennsylvania but today he meets with middle-class americans. i would like to see all of the elite people to sit down until you get something
FOX Business
Nov 28, 2012 1:00pm EST
time now. >> hb 800 companies and groups sent a letter to senators harry reid, mitch mcconnell and others to say that they want repeal of the medical device tax as part of the fiscal cliff deal, this is a tax not on profits, on sales, on revenue. even if you post losses you still have to pay the tax. here's what the letter writers are warning about. if it passes, it will adversely impact patient care can increase cost of health care and adversely impact jobs. it's a 43,000 jobs could be lumped medical device makers. pacemakers, stopping brain aneurysms including prosthetics for soldiers returning from overseas and the issue is why you're hitting us with an excise tax on sales? they did a study which found when you do the math it is actually 80% in federal, state and local including the excise tax. lori: why would they go throughr the medical device makers? the tanning bed tax, the kind of understand. >> here is the rationale. the house want repeal it, but has stalled in the senate. the logic is they have to have health insurance, required to have health insurance, the lo
CSPAN
Nov 28, 2012 7:30am EST
's stephen colbert territory. that's harry reid. that's what they say. that's nonsense. people take the pledge but the reason why most republican than a handful of democrats take the pledge is the only 10 to raise taxes. we just and the pledge of in the mail and people make that commitment and campaign on it and make it part of -- >> if you're running in a republican primary, it's very helpful to you, effectively difficult to run in a republican primary without signing it. they are in a box. the republicans, county and look for a way out of? >> no. which general have is a little so here's complicated bill. it's got a lot of moving parts. does it raise taxes? look, it's pretty clear in those cases. the important part of the pledge is it allows people to credibly commit they're not going to raise taxes and the people know who and what they are. is allowed john boehner and mitch mcconnell to govern recently. it's about the republican governors passed out ushers at the red states for the 24 states republican governors, republican legislature. blue are the 13 of 40 state spending on how
CNBC
Nov 26, 2012 7:00pm EST
everywhere that senator harry reid wants to severely curtail and restrain the my in the's power to flu filibuster. what can you tell us about that? >> i would just tell you the senate -- when i got here the senate worked very well. everybody could offer amendments. they were respectful of the amendments they offered. they knew if they took advantage of it, there would be consequences in terms of people not voting for their amendments. we've lost quality leadership in the senate, and harry reid's answer to that is change the rules, and if he changes the rules, he will have totally defeated our founder's purpose of creating a senate where minority rights are protected, and -- and what that will do is that will create two houses of congress rather than a house and a senate, and it just says majority rules with an iron fist. >> so you're going to fight it. >> well, i would tell you, my hope would be that if he carries out his threat, the senate will be shut down until he restores the rights of the minority because that's what our founders did. the reason they did a bicameral legislature an
CNBC
Nov 27, 2012 4:00pm EST
of the session. 12,879, matching what we saw when harry reid began making comments about an hour and a half ago. the nasdaq lower by nearly nine points. the s&p lower by seven points. 1399, just below the 1400 level. why the late-day selloff? most on the street blaming these words out of washington about fiscal cliff. >> there's been little progress with the republicans, which is a disappointment to me. they've talked some happy talk about doing revenues, but we only have a couple weeks to get something done. so we have to get away from the happy talk and start talking about specific things. >> as we head into the fiscal cliff negotiations, my advice to the president would be seems like our friends on the other side are having some difficulty turning off the campaign. we need to sit down and work this matter out. >> behind closed doors. even with the fiscal cliff looming over the markets, our own jeff cox with cnbc.com says there's a growing bit of optimism about the outlook for next year. take a look at some of the predictions from some of the street's biggest names regarding the s&p 500 for n
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